\begin{table}[tbhp] \centering \resizebox{\textwidth}{!} { \begin{tabular}{l*{4}{c}}
\hline
Dep.var.: \\ HH real Consumption (RMB)&\multicolumn{4}{c}{Labor Income}                       \\\cline{2-5}
                    &       (1)   &       (2)   &       (3)   &       (4)   \\
                    &   $ S=0 $   &$ S>0.25 $   & $ S>0.5 $   &$ S>0.75 $   \\
\hline \\
HH Labor Income     &    61.461   &     3.314   &     1.217   &     1.301   \\
                    &(1986.224)   &   (4.232)   &   (0.574)** &   (0.648)** \\
 \\ City-level controls & Yes & Yes & Yes & Yes  \\ Household FE & Yes & Yes & Yes & Yes    \\ Prov $\times$ year FE & Yes & Yes & Yes & Yes  \\ County trends & Yes & Yes & Yes & Yes \\ \hline
Observations        &     41709   &     11309   &      3442   &      3137   \\
N clusters          &       597   &       469   &       323   &       314   \\
N households        &     17871   &      4927   &      1528   &      1390   \\
Adjusted ^{2}$      & -1031.982   &    -2.850   &     0.386   &     0.352   \\
Weak instr. (pval)  &     0.975   &     0.529   &     0.031   &     0.026   \\
\hline
\end{tabular} } \end{table} 
